Academy of Learning signs SAR 332.4M lease for Riyadh education complex

The new Riyadh complex will accommodate 2,200 students across multiple education levels.

Learning National Schools Co., a subsidiary of Saudi-listed Academy of Learning Co., signed a long-term investment lease agreement with High Standard Real Estate Co. for a model educational complex in Riyadh.

The lease value stood at SAR 332.44 million (inclusive of VAT), according to a statement to Tadawul.

The 30-year contract covers leasing a new educational complex in Riyadh’s Al Munsiyah district, with a capacity of 2,200 students. The facility will provide private (international) education services across all levels for boys and girls, in addition to licensed educational, training, cultural, or sports activities.

The agreement is expected to have a positive impact on its results starting H2 2027.

The deal marks the company’s first operational launch in Riyadh within the private (international) education sector, reflecting strategic direction toward diversifying investments and strengthening sustainable growth through entry into sectors with stable and long-term returns.

The company’s investment policy is based on leasing rather than owning buildings, with the aim of reducing capital expenditure and accelerating investment returns.